Brazil finance minister: fuel price cut to help against inflation

BRASILIA Oct 14 Brazilian Finance Minister
Henrique Meirelles said on Friday that the decision by the
state-run oil company Petrobras earlier in the day
to cut fuel prices would have a positive effect on reducing
inflation.

Petroleo Brasileiro SA, as the company is known officially,
said it would cut wholesale fuel prices as part of a new policy
tracking international benchmarks more closely after politically
driven pricing cost the company billions in recent years.
(Reporting by Marcela Ayres; Writing by Reese Ewing; Editing by
Chris Reese)

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